KB Home (NYSE:KBH) had its price objective decreased by investment analysts at Wedbush from $33.00 to $32.00 in a research report issued on Friday. The firm presently has a “neutral” rating on the construction company’s stock. Wedbush’s price objective indicates a potential upside of 8.40% from the company’s previous close. Wedbush also issued estimates for KB Home’s Q3 2019 earnings at $0.89 EPS.
A number of other analysts also recently issued reports on the company. Citigroup downgraded KB Home from a “neutral” rating to a “sell” rating and set a $27.00 price objective for the company. in a research report on Tuesday, January 2nd. Zacks Investment Research raised KB Home from a “hold” rating to a “strong-buy” rating and set a $39.00 price objective for the company in a research report on Tuesday, January 9th. JPMorgan Chase & Co. reissued an “underweight” rating and set a $27.00 price objective (up from $25.50) on shares of KB Home in a research report on Tuesday, December 19th. ValuEngine raised KB Home from a “buy” rating to a “strong-buy” rating in a research report on Sunday, December 31st. Finally, Buckingham Research raised KB Home from an “underperform” rating to a “neutral” rating and set a $34.00 price objective for the company in a research report on Friday, January 26th. They noted that the move was a valuation call. Six investment analysts have rated the stock with a sell rating, twelve have issued a hold rating, two have issued a buy rating and one has issued a strong buy rating to the company’s stock. The stock currently has a consensus rating of “Hold” and an average target price of $30.19.
KB Home (NYSE:KBH) traded up $0.68 during midday trading on Friday, hitting $29.52. The stock had a trading volume of 5,645,039 shares, compared to its average volume of 1,808,820. KB Home has a fifty-two week low of $18.83 and a fifty-two week high of $38.80. The company has a debt-to-equity ratio of 1.21, a quick ratio of 1.22 and a current ratio of 5.36. The stock has a market cap of $2,502.22, a price-to-earnings ratio of 34.33, a PEG ratio of 0.73 and a beta of 1.54.
In other news, SVP Thomas F. Norton sold 47,179 shares of KB Home stock in a transaction dated Tuesday, February 13th. The stock was sold at an average price of $30.32, for a total value of $1,430,467.28. Following the completion of the transaction, the senior vice president now owns 103,562 shares in the company, valued at approximately $3,139,999.84. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, CFO Jeff Kaminski sold 125,000 shares of KB Home stock in a transaction dated Tuesday, January 30th. The shares were sold at an average price of $32.53, for a total value of $4,066,250.00. Following the completion of the transaction, the chief financial officer now owns 237,775 shares of the company’s stock, valued at approximately $7,734,820.75. The disclosure for this sale can be found here. Insiders own 8.60% of the company’s stock.
Several institutional investors and hedge funds have recently made changes to their positions in the company. Elkfork Partners LLC purchased a new position in shares of KB Home in the 4th quarter valued at about $331,000. Xact Kapitalforvaltning AB purchased a new position in shares of KB Home in the 4th quarter valued at about $245,000. Vanguard Capital Wealth Advisors purchased a new position in shares of KB Home in the 4th quarter valued at about $262,000. MetLife Investment Advisors LLC purchased a new position in shares of KB Home in the 4th quarter valued at about $2,909,000. Finally, PEAK6 Investments L.P. boosted its stake in shares of KB Home by 77.7% in the 4th quarter. PEAK6 Investments L.P. now owns 22,035 shares of the construction company’s stock valued at $704,000 after buying an additional 9,635 shares during the period. Institutional investors and hedge funds own 95.66% of the company’s stock.
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KB Home Company Profile
KB HOME is a homebuilding company. The Company is engaged in selling and building a range of new homes designed primarily for first-time, move-up and active adult homebuyers, including attached and detached single-family residential homes. It operates through five segments, which consist of four homebuilding segments and one financial services segment.
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